21.05.2019

Interest rate decision, webcast and Monetary Bulletin release

The Bank will publish the Monetary Policy Committee’s (MPC) interest rate decision on its website tomorrow at 08:55, followed by Monetary Bulletin 2019/2 at 09:00 hrs. Beginning an hour later, at 10:00 hrs., will be a press conference where Már Guðmundsson, Governor and Chair of the MPC, and Þórarinn G. Pétursson, Chief Economist and MPC member, will explain the rationale behind the Committee’s decision. The contents of the new issue of Monetary Bulletin will also be presented at that time.

More
15.05.2019

Survey of market expectations

According to a survey of the Central Bank of Iceland market agents’ short-term inflation expectations have fallen since the Bank’s late-January survey. Their long-term expectations also fell marginally from the previous survey. According to the median response in this survey, participants expect inflation to measure 3.3% in Q2 and Q3/2019 and then fall to 3% in Q4/2019. They also expect inflation to measure 3% one year ahead and 2.8% two years ahead. Participants’ responses concerning the monetary stance have changed markedly in this survey: no one considered the current monetary stance too loose, whereas nearly a fourth of respondents were of that opinion in the last survey.

More
02.05.2019

Capital controls surveillance no longer a separate Central Bank department

The Central Bank of Iceland’s Capital Controls Surveillance Unit (CCSU) was abolished as a separate department within the Bank at the beginning of May 2019. The CCSU’s remaining projects will be transferred either to the Bank’s Financial Stability Department or to the Legal Department.

More
29.04.2019

Newly established Payment Council holds inaugural meeting

The Central Bank of Iceland’s newly established Payment Council held its first meeting on Tuesday 23 April 2019. The Payment Council is a consultative forum for governmental authorities, market participants, and other stakeholders concerning issues relating to payment intermediation and financial market infrastructure. The Council’s aim is to ensure that policy formulation in the fields of payment intermediation and financial market infrastructure in Iceland is based on appropriate foundations, with security, efficiency, and efficacy as guiding principles. The Bank prepares the Council’s meetings, and the Governor presides over the meetings. All materials relating to the Payment Council will be published on the Bank’s website soon after each meeting.

More
17.04.2019

The Spring Meetings of the International Monetary Fund 2019

Governor Már Gudmundsson attended the Spring Meetings of the IMF’s International Monetary and Financial Committee, IMFC, which were held in Washington DC 12-14 April. Governor Gudmundsson represents Iceland in the IMF’s Board of Governors, which is the Fund’s highest decision-making body. Magdalena Andersson, the Swedish Finance Minister, represented the Nordic and Baltic countries in the Committee on this occasion.

More
07.02.2018

Webcast

04.02.2015

Webcast

05.11.2014

Webcast

11.12.2013

Webcast

23.10.2013

Statement

12.06.2013

Webcast

20.03.2013

Webcast

06.02.2013

Webcast

02.11.2011

Webcast

21.09.2011

Webcast

17.08.2011

Webcast

16.03.2011

Webcast

02.02.2011

Webcast